News
Africa needs to more than double cassava production to feed herself by 2050
• 300 researchers, policy makers to attend mega cassava meeting in Cotonou
Africa needs to double her cassava production to avert a major food crisis by 2050, says the Director for the Global Cassava Partnership for the 21stCentury (GCP21), Dr. Claude Fauquet in Lagos.
Addressing a world press conference in Lagos, Dr. Fauquet described the low root yields of cassava in Africa as unacceptable and called on member nations to adequately invest in the crop to change the current yield per hectare.
Though accounting for 55 percent of global cassava root production, Africa’s yield per hectare is the lowest in the world with about 10 tons per ha as opposed to Asia where average yield is 21 tons per hectare—or double the yield in Africa.
Dr. Fauquet, whose speech comes ahead of the Forth International Cassava Conference in Cotonou, Republic of Benin in 11-15 June 2018, said a do-nothing approach would hurt the continent as it would have to contend with more people to feed, and changes in climate that would become more unpredictable.
He argued that to reverse the current trajectory would demand deliberate steps including greater investment in research and innovations, provisions of a favorable policy framework, accessibility of loans to farmers at single digit rates, and mechanization across the value chain.
According to him, Africa needs to scale out proven technologies including the recommendations on weed control being developed by the Cassava Weed Management Project, improved cassava varieties, and best-bet agronomic practices such as appropriate fertilizer application.
“If we do these, then to double cassava yield will not be a dream but a possibility,” he said.
Dr. Fauquet said while technologies existed to transform cassava, not many policy makers were aware of such technologies, adding that the forthcoming Global Conference on Cassava with the theme “Cassava Transformation in Africa” was a unique opportunity that would create an environment for exchange of technical, scientific, agricultural, industrial and economic information about cassava among strategic stakeholders like scientists, farmers, processors, end-users, researchers, the private sector, and donor agencies.
According to him, 300 participants including policymakers, scientists, farmers, processors, end-users, researchers, the private sector, and donor agencies would be participating in the conference on 11-15 June 2018.
He reiterated that the aim of the Conference was to raise awareness on the importance of cassava in the world, reviewing recent scientific progress, identifying and setting priorities for new opportunities and challenges while charting a course to seek Research and Development (R&D) support for areas where it is currently inadequate.
The Director Designate of GCP21, Professor Malachy Akoroda noted that the Conference would provide an opportunity for African countries to tap the best, current, and most innovative technologies that would transform cassava value chains across Africa.
“This Conference is a shining opportunity for Africa,” he added.
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Founded in 2003, GCP21 is a not-for-profit international alliance of 45 organizations and coordinated by Drs. Fauquet and Joe Tohme of the International Center for Tropical Agriculture (CIAT). It aims to fill gaps in cassava research and development towards unlocking the potential of cassava for food security and wealth creation for farmers, processors, transporters, marketers, and packaging enterprises.
The 2018 Global Cassava Conference is supported by several major institutions including the Bill & Melinda Gates Foundation, International Institute of Tropical Agriculture (IITA), International Center for Tropical Agriculture (CIAT), CGIAR Roots Tubers and Banana, African Development Bank (AfDB), French Institute in Benin, French Embassy, CORAF, Forum for Agriculture Research in Africa (FARA), INRAB – Institut National Agronomique du Benin, and FAS-UAC – Faculté des Sciences Agronomiques de l’Université Abomey – Calavi, Republic of Benin. A larger number of organizations will join the Conference, sponsoring special events, travel grants, workshops, satellite meetings, as well as private companies from the different parts of the world that will have the possibility to show-case their products at exhibition booths. The Conference will welcome as many as plan to attend.
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
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